Versor Investments LP Purchases New Holdings in Ramaco Resources, Inc. (NASDAQ:METC)

Versor Investments LP purchased a new stake in Ramaco Resources, Inc. (NASDAQ:METC) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 21,700 shares of the energy company’s stock, valued at approximately $223,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Olympiad Research LP acquired a new stake in Ramaco Resources in the 3rd quarter valued at about $352,000. Victory Capital Management Inc. raised its holdings in Ramaco Resources by 18.1% in the 3rd quarter. Victory Capital Management Inc. now owns 127,965 shares of the energy company’s stock valued at $1,497,000 after acquiring an additional 19,575 shares during the last quarter. Empowered Funds LLC raised its holdings in Ramaco Resources by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 115,017 shares of the energy company’s stock valued at $1,346,000 after acquiring an additional 5,762 shares during the last quarter. Segall Bryant & Hamill LLC raised its holdings in Ramaco Resources by 1.5% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 310,688 shares of the energy company’s stock valued at $3,635,000 after acquiring an additional 4,460 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Ramaco Resources by 231.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 262,354 shares of the energy company’s stock valued at $3,070,000 after acquiring an additional 183,163 shares during the last quarter. 74.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group cut their price objective on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating for the company in a report on Monday, January 6th.

Ramaco Resources Stock Down 3.1 %

Shares of NASDAQ METC opened at $8.49 on Wednesday. The company has a 50 day simple moving average of $9.78 and a 200-day simple moving average of $10.81. The company has a market capitalization of $445.97 million, a P/E ratio of 13.06 and a beta of 1.17. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 0.86. Ramaco Resources, Inc. has a 1 year low of $8.34 and a 1 year high of $20.42.

Ramaco Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.1375 per share. The ex-dividend date is Friday, February 28th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 6.48%. Ramaco Resources’s dividend payout ratio is currently 84.62%.

Ramaco Resources Profile

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.